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[WEAK BULLISH]: Sonic Healthcaresellers are becoming less eager. There has been 3 consecutive days of range increase for SHL reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $1.9 & the greatest daily price range this year has been $2.35. The price range ratio this week versus the quarterly price range is 0.2x & the price range ratio this month versus the year to date price range is 0.8x.

[BEARISH]: Sonic Healthcare currently has negative rate of change of -49%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.2%.

[BEARISH]: Sonic Healthcare currently has negative momentum of -0.35 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.2%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -1.8%%.

[BEARISH]: Sonic Healthcare currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.2%.

[BULLISH]: Sonic Healthcare currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.2%.

Sonic Healthcare has broken the first support point ($23.88) [Bearish]. Look for a short limit order entry near this point. Exit price for SHL should be set @$23.68 & short position stoploss for Sonic Healthcare should be set between $24.36 & $24.56

[BULLISH]: Sonic Healthcare buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Sonic Healthcare adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 86 trading days with the closing price in the upper part of the range giving a confirmation ratio of 33.6%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 38.5%. Currently this quarter, closing price has spent 10 days in the upper price range compared to 2 days in the lower range giving a ratio of 5x.

Sonic Healthcare has broken the first DeMark resistance point ($24.055) [Bullish]. Look for a long limit order entry near this point. Exit price for SHL should be set @$24.29 & Stoploss for Sonic Healthcare should be set at $23.95

[BULLISH]: Sonic Healthcare opened in the upper part of daily range at 67.6% & closed in the upper part of the trading range at 76.5%. This suggests the sellers have lost control. Over the last 12 months there has been 18 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 7%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 7.7%.